Avis Budget Group, Inc. (NASDAQ:CAR) Q4 2022 Earnings Conference Call February 14, 2023 8:30 AM ET
Company Participants
David Calabria - Treasurer and SVP, Corporate Finance
Joe Ferraro - Chief Executive Officer
Brian Choi - Chief Financial Officer
Conference Call Participants
Chris Woronka - Deutsche Bank Securities Inc.
John Healy - Northcoast Research
Diego Ortega Laya - Morgan Stanley
Ryan Brinkman - JPMorgan
Stephanie Moore - Jefferies
Christopher Stathoulopoulos - Susquehanna
Operator
Greetings, and welcome to the Avis Budget Group's Fourth Quarter 2022 Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host David Calabria, Treasurer and Senior Vice President of Corporate Finance. Thank you, please go ahead.
David Calabria
Good morning, everyone, and thank you for joining us. On the call with me are Joe Ferraro, our Chief Executive Officer; and Brian Choi, our Chief Financial Officer.
Before we begin, I would like to remind everyone that we will be discussing forward-looking information, including potential future financial performance, which is subject to risks, uncertainties and assumptions that could cause actual results to differ materially from such forward-looking statements and information. Such risks and assumptions, uncertainties and other factors are identified in our earnings release and other periodic filings with the SEC, as well as the Investor Relations section of our website.
Accordingly, forward-looking statements should not be relied upon as a prediction of actual results and any or all of our forward-looking statements may prove to be inaccurate and we can make no guarantees about our future performance. We undertake no obligation to update or revise our forward-looking statements.
On this call, we will discuss certain non-GAAP financial measures. Please refer to our earnings press release, which is available on our website for how we define these measures and reconciliations to the closest comparable GAAP measures.
With that, I'd like to turn the call over to Joe.
Joe Ferraro
Thank you, David. Good morning everyone, and thank you for joining us today. Yesterday, we reported the best annual results in our company's history. We delivered over $4.1 billion of adjusted EBITDA in fiscal year 2022 and set a new standard for what excellence means at this company.
I want to thank our 24,000 employees for the work they put in last year to achieve this milestone. When it comes to our business, our operators focus on one checkout at a time, but it's worth stepping back and reflecting on what's possible when an entire organization brings their best day in and day out. This focus and dedication is ingrained in how our team operates and it doesn't stop at the end of the calendar year. We're bringing the same level of intensity to 2023, and I'm looking forward to showing everyone what we can accomplish this coming year.